New Fortress Energy Inc. (NASDAQ: NFE) was raised from Hold to Buy with a $50 price target at Stifel. The much higher $61.20 consensus target is well above Monday’s closing price of $42.48.
Portland General Electric Co. (NYSE: POR) was raised at Goldman Sachs from Sell to Neutral with a $49 price target. The consensus target is $46.45. Monday’s last trade was reported at $48.42.
Roblox Corp. (NYSE: RBLX) was started with a Buy rating and an $85 price target at Stifel. The kids and teens gaming giant had a recent initial public offering and has a lower $72.50 consensus target. The last trade Monday came in at $72.15, after a gain of almost 4% for the day.
Sabre Corp. (NASDAQ: SABR) was downgraded to Equal Weight from Overweight at Morgan Stanley, though the firm raised the price target to $18. The consensus target is much lower at $13.20, and the stock was last seen on Monday at $16.75, which was almost a 3% gain for the day.
Starbucks Corp. (NASDAQ: SBUX) was raised to Buy from Neutral at BTIG Research, which has a $130 price target for the ubiquitous coffee retailer. The consensus target is just $109.53. The stock was last seen on Monday at $108.90.
Ulta Beauty Inc. (NASDAQ: ULTA) was downgraded to Neutral from Buy at Guggenheim. The stock has traded in a wide 52-week range of $124.05 to $351 and has a consensus price target of $333.96. The final Monday trade was reported at $322.49 a share.
Zoom Video Communications Inc. (NYSE: ZM) was resumed in coverage at Credit Suisse with an Underperform rating and a $375 price target. The consensus target is much higher at $486.93. Monday’s last trade was reported at $350.
Jefferies has focused on companies it feels will see a huge benefit from pent-up demand. Five of its stock picks make sense for growth investors looking to play the resurgence, as the companies may be big winners going forward.
Monday’s early top analyst upgrades and downgrades included Abercrombie & Fitch, Cabot Oil, Dollar General, L Brands, MGM Resorts, ViacomCBS and Unity Software. Analyst calls seen later in the day were on ConocoPhillips, Dow, Signet Jewelers and more.
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